Refinery

State-run Oil and Natural Gas Corporation, which is currently working on the detailed feasibility report, is in talks with Saudi Arabia for a joint venture company to establish the greenfield refinery in Gujarat.

IndianOil-CPCL Nagapattinam refinery may see further delays due to project reconfiguration

IOCL and CPCL are working on reconfiguring the refinery, an official said, hinting at project completion by 2030–31. The refinery was earlier expected to be completed by 2027 — already two years behind the original schedule.

Exclusive: Saudi Arabia in talks with BPCL to invest in new refinery, part of $100-bn investment plan

In 2019, Saudi Arabia pledged to invest $100 billion in India in sectors such as energy, refining, and petrochemicals.

Numaligarh Refinery delivers new diesel order to Bangladesh, says no dues of previous orders left

NRL, a subsidiary of state-owned Oil India Limited (OIL), has exported 8 TMT of diesel this month. Payment for 4 TMT has been received and the balance is expected in the next 30 days.

No disruption in diesel export to Bangladesh: Oil India Chairman

Assam-based refinery NRL supplies diesel to the country through a pipeline connecting its Siliguri marketing terminal with Parbatiput in Bangladesh.

Fuelling Growth: Why India is betting big on petchem, expanding refining capacity

India is aiming for a refining capacity of 450 MMTPA by 2030, up from around 250 MMTPA currently. In addition to new refineries, companies are also increasing the capacity of their existing units.

BPCL, ONGC jointly exploring setting up refinery, sources say

BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, its chairman told shareholders last week

Sugar industry body proposes bio-refinery transition plan to govt

The representatives of the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) met with Food Minister Pralhad Joshi to discuss a policy framework for the transition, which would expand beyond current ethanol, bioelectricity, and biogas production, a statement said.

Announce BPCL refinery for Andhra Pradesh in Budget 2024, Naidu tells Centre

The Andhra Pradesh government said the establishment of the refinery in the state “will augur well for increasing the refinery capacity of the country” and will help India in becoming a developed nation.

US to say Indian refineries help make Russia oil price cap work

The U.S. Treasury officials, Eric Van Nostrand, assistant secretary for economic policy, and Anna Morris, acting assistant secretary for terrorist financing, will make the remarks at an event held by the Ananta Aspen Centre in New Delhi, the Treasury told Reuters on Wednesday.

MC Interview|NRL expects commissioning of expanded refinery by Dec 2025, says MD

The Assam-based company is increasing refining capacity from 3 MTPA now to 9 MTPA.

BPCL board approves Rs 5,044 crore Kochi polypropylene project

BPCL cited robust growth due to expanding market demand of the petrochemical segment in India as the rationale for setting up the unit and flagged the availability of propylene feedstock at its Kochi refinery

BPCL to spend Rs 1.5 lakh crore as capex in next 5 years, says chairman

As part of 'Project Aspire', BPCL will grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net-zero goal, G Krishnakumar said at its 70th annual general meeting

Indian Oil commits to investing Rs 54,000 crore in projects including a refinery in Tamil Nadu

This new refinery, which will come up on about 1,300 acres of land in Nagapattinam, will produce petrol and diesel for BS-VI specifications and also polypropylene.

Govt decides not to impose green hydrogen consumption obligation

India has committed to reducing the emission intensity of its GDP (emissions relative to GDP) by 45 percent by 2030 from the 2005 level. It also aims to achieve net zero by 2070

India may be three years away from setting up lithium refineries despite recent finds

Processing and refining capacities are crucial to move mineral finds up the value chain and to produce the required battery-grade compounds

Rajasthan’s Barmer refinery to process 9 MMTPA of crude: Oil Minister

The HPCL Rajasthan refinery would steer India to its vision of achieving 450 MMTPA refining capacity by 2030, Hardeep Singh Puri said.

Two killed, 12 missing in northeast China refinery blast

The explosion occurred at 3:13 p.m. (0713 GMT) on Sunday at Panjin Haoye Chemical Co Ltd while workers were carrying out maintenance work at an alkylation facility.

Govt may split planned mega refinery to various sites: Sources

Hurdles in land purchases are one of the key reasons for sluggish infrastructure development in Asia's third-largest economy.

West coast 60 mtpa-mega refinery to be set up in Maharashtra's Ratnagiri

Maharashtra Industries Minister Uday Samant said that the government has so far acquired 2,900 acres of the total 6,200 acres required for the mega refinery-cum-petrochemicals complex project which was first announced in 2015.

Pakistan convinces Saudi Arabia to revive $12 billion refinery, petrochemical complex: Report

The development comes ahead of the visit of a delegation from Saudi Arabia led by Crown Prince Mohammed bin Salman to Pakistan next month.

Government keen on reviving west coast 60 mtpa-mega refinery project: Minister Hardeep Singh Puri

The $50 billion-mega refinery project in western Maharashtra has been stalled since 2018 due to disputes over land acquisition.

Indian Oil, Adani Ports sign pact for crude oil capacity at Mundra Port

The agreement between IOCL and Adani Group follows the investment decision by the board of IOCL in December 2021.

Japan unveils new sanctions on Russians, bans refinery equipment exports

The newly added sanctions target 20 Russians including deputy chiefs of staff for President Vladamir Putin's administration, deputy chairmen of the state parliament, the head of the Chechen Republic and executives of companies with close ties to the government such as Volga Group, Transneft and Wagner.

IOC board clears Rs 31,500-crore Nagapattinam refinery project; expects fuel demand to be normal soon

The new refinery will be a joint venture between Chennai Petroleum Corporation Ltd and IOC.